1) Brokers know what they are looking for. You probably only research the insurance market around your renewal date. You can save a lot of time by asking a broker to do the searching for you.
2) Brokers aren�t tied to one or two insurance companies. So a broker is free to review the whole market on your behalf.
3) Brokers can match your specific requirements to the myriad of policies available. Getting the right policy that covers your exact needs could save you thousands of pounds. It�s too late when the claim goes in to find out that you weren�t actually covered in the first place. You may think all policies are standard but they are not. Many businesses need tailored insurance policies depending on actual circumstances.
4) Brokers are likely to get better terms for their clients. This isn�t just because of economy of scales. Brokers do a good deal of business with insurance companies. They will get a good price. It isn�t just volume of business that counts, it�s the understanding of the industry too. Brokers know the insurance companies and brokers know you. Where you may face reluctance from insurance companies, brokers are able to remove that element of uncertainty and facilitate cover.
5) Brokers� business is based on reputation. They won�t recommend something that doesn�t fit. It�s important to them that they ensure the client understands the risks of their business and transfers the risk (as necessary) to an insurance company. What develops is a close business relationship based on trust. That thorough understanding enables you to be covered now and as your business changes.
6) Brokers can help you with your claim. Should the worst happen you can rely on your broker to help with the paperwork and the process and enable a speedy payment.
Finally it�s worth noting that brokers have Professional Indemnity cover which gives you the added protection should he get it wrong. If you'd like any help with your insurance please get in touch.
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